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By Joseph Pisani, Associated Press
Macy's is furloughing a majority of its 130,000 workers beginning this week as its sales have collapsed because of the pandemic.
By Anne D'Innocenzio, Associated Press
The store closures represent about one fifth of Macy's current total. They didn't specify how many jobs would be lost at the shuttered stores.
Driven down by sagging demand for vehicles, U.S. retail sales had their worst showing in five months in July, according to newly released government figures.
By PBS NewsHour
Federated Department Stores Inc., parent to high-end retailers Bloomingdale's and Macy's, is buying rival May Department Stores Co. for $11 billion in cash and stock, the companies announced Monday.
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